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If the APR in question 3 is 3.7%, what is the effective interest rate of the loan? (please provide the answer in percentages and

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If the APR in question 3 is 3.7%, what is the effective interest rate of the loan? (please provide the answer in percentages and keep two decimal places; for example: if the answer is 5.376%, please input 5.38 in the box)

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